5763 Laurel Canyon Blvd 16 Unit Apartment Building $6,267,386 CAD ($391,712 CAD/Unit) Valley Village, CA 91607
INVESTMENT HIGHLIGHTS
- Walking Distance to the new NOHO WEST retail and entertainment plaza
- VALUE ADD OPPORTUNITY- Leveled empty back lot (9,348 SF)
- All Cooper piping along with new ABS main drain piping
- Close to 170 and 101 Freeways and to metro station
- Completed earthquake retrofits
- 2 new water heaters
EXECUTIVE SUMMARY
KW Commercial is pleased to present the exclusive opportunity to acquire a VALUE ADD potential 16 Unit Apartment Complex in Valley Village, CA. This multi-family property is comprised of four2BD/1BA units, eight 1BD/1BA units, and four single units.
This property includes a 9,348 SF leveled vacant lot that is zoned R1. With excellent proximity to shopping, entertainment districts, restaurants, and freeways this community is conveniently and centrally located.
The Offering
List Price $4,380,000 ( Price breakdown: $3,634,000 for apartment property + $746,000 for empty back lot)
*Must be purchased together
Cap Rate 6.3% CAP
*Back Lot priced at $746,000 not included in cap rate calculations Building Size 11,018 SF
Parcel Size 0.52 Acres
Empty Back Lot Size .21 ACRES/ 9,348 SF
Year Built 1958
Parcel Number 234-026-016
Zoning Apartment parcel R3. Empty back lot zoned R1
This property includes a 9,348 SF leveled vacant lot that is zoned R1. With excellent proximity to shopping, entertainment districts, restaurants, and freeways this community is conveniently and centrally located.
The Offering
List Price $4,380,000 ( Price breakdown: $3,634,000 for apartment property + $746,000 for empty back lot)
*Must be purchased together
Cap Rate 6.3% CAP
*Back Lot priced at $746,000 not included in cap rate calculations Building Size 11,018 SF
Parcel Size 0.52 Acres
Empty Back Lot Size .21 ACRES/ 9,348 SF
Year Built 1958
Parcel Number 234-026-016
Zoning Apartment parcel R3. Empty back lot zoned R1
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$423,961
|
$18.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$423,961
|
$18.53
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$95,137
|
$4.16
|
| Net Operating Income |
$328,825
|
$14.37
|
PROPERTY FACTS
| Price | $6,267,386 CAD |
| Price Per Unit | $391,712 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 22,882 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.56/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Yard
- Lawn
SITE AMENITIES
- Courtyard
- Laundry Facilities
1 of 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 2340-026-016 | Improvements Assessment | $1,284,558 CAD (2024) |
| Land Assessment | $550,507 CAD (2024) | Total Assessment | $1,835,065 CAD (2024) |
ZONING
| Zoning Code | LAR3 (Apartment zoned R3 Empty back lot zoned R1) |
